Grassroots music venues across the UK, crucial for emerging artists, are at significant risk of closure, warns new research by the Music Venues Trust (MVT). In 2023, financial pressures forced 125 venues to cease live music, with over half shutting down completely. Soaring utility bills and a 37.5% average rent increase have left the remaining 835 venues vulnerable, many of which made profits of just 0.5%.
MVT’s report describes 2023 as the sector’s “most challenging year” in the past decade. Despite contributing over £500 million to the economy and employing nearly 30,000 people, grassroots venues remain “significantly underfunded” compared to other cultural sectors. Calls to MVT’s emergency crisis line surged by 38%, highlighting the severe financial strain on these venues.
Venues dedicated exclusively to live music were hit hardest, facing an average shortfall of £137,501 over the past year, even as ticket prices and fan spending increased. MVT estimates that 35% of grassroots venues have closed over the past 20 years, including the historic Moles in Bath, which closed in December after 45 years.
The loss of such venues is a grave concern for the British music industry, with bands like The Last Dinner Party emphasizing their importance in nurturing new talent. The George Tavern in London, a venue known for its resilience, has also been severely impacted by rising costs, despite securing a rare protection order against noise complaints in 2019.
MVT advocates for VAT tax breaks and energy cost assistance for venues, recognizing their cultural contribution. The Trust also suggests property ownership as a potential solution, with its ‘Own Our Properties’ plan allowing fans to invest in threatened venues. Additionally, MVT calls for a £1 contribution from every arena ticket sold to support grassroots venues, similar to the FA’s approach with Premier League clubs.
The report’s findings have sparked concern among industry experts, with some advocating for a legally mandated ticket levy to sustain the grassroots sector. The closure of venues not only limits access to live music but also stifles the development of future artists and reduces the UK’s cultural footprint.
As Independent Venue Week approaches, supported by BBC Radio 6 Music, the urgency to support grassroots venues is more critical than ever. Without immediate action, the UK risks losing a vital part of its music culture.